Azure Power Commissions 40 MW Project in Uttar Pradesh

Under the agreement Azure Power will supply power to SECI for the period of next 25 years at the levelized tariff of Rs 4.92 per KW which is inclusive of Viability Gap Funding (VGF).

India’s one of the leading power producers, Azure Power has announced the commissioning of a 40MW solar plant in Uttar Pradesh (UP).

The project was auctioned by Government enterprise, Solar Energy Corporation of India (SECI). Under the agreement Azure Power will supply power to SECI for the period of next 25 years at the levelized tariff of Rs 4.92 per KW which is inclusive of Viability Gap Funding (VGF).

The project was setup under the government’s National Solar Mission Phase-II Batch-III Tranche III and is spread across an area of 225 acres.

According to Central Electricity Authority, Uttar Pradesh is the most populous state in India and has a large peak energy supply deficit. In addition, CRISIL projects that over 10 million unelectrified households will be connected by 2019.

“With the commissioning of this plant, we have once again demonstrated our strong project development, engineering, and execution capabilities. We are delighted to make a contribution towards the realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation. Our sincere gratitude to SECI and the state of Uttar Pradesh for all the cooperation and support extended,” said Inderpreet Wadhwa, Founder, Chairman and Chief Executive Officer, Azure Power.